10/4/2023 0 Comments Bessemer venture partnersWhat impact do you expect GPT-4 to have in terms of underlying generative AI functionality? He commented on everything from the widening gaps in functionality between major model releases like GPT-3 and -4 to the questions that venture capital firms have to ask themselves when examining the direction of this wild market. ![]() In our conversation, he examined the current and projected landscape of generative AI investment and development through the lens of GPT-4’s release and its implications. So I asked Sameer Dholakia, a partner at Bessemer Venture Partners and former CEO of SendGrid (which he led to an IPO) what his thoughts were on the subject. I was curious about how GPT-4's arrival is seen within the context of this competitive investment and product development landscape we’re in now. GPT-5 and other models and use cases will emerge to the tune of more investment funds and competition. However the technology won’t stop evolving there. Its multimodal functionality is very impressive and it opens the door for even more creative use cases that businesses, like Microsoft, Duolingo and others, are already taking advantage of. ![]() The recent release of OpenAI’s highly anticipated GPT-4 model put all of this into perspective even further. It’s also led to a white-hot investment scene, where funding to this point in 2023 has already surpassed the $1.5 billion raised across all of 2020. The viability of its functionality and use cases is creating a sometimes combative, sometimes cooperative relationship between newcomers and incumbents pushing themselves toward greater market influence. Generative AI is one such technology that’s newer but is already having a profound effect on business. ![]() Winners are difficult to predict before the dust settles but one thing is generally certain: if the technology is powerful enough, the business world often thinks of it in terms of life before and after its arrival. Newcomers on the scene deliver combo moves and well-established incumbents follow up with counterpunches. This often creates exciting and competitive bouts between businesses over a short time. The nascent stages of a new or emergent technology are always a rollercoaster of investment and innovation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |